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Fast Scalper is an MT4 expert advisor for M1 charts, designed around EURUSD. It looks for sharp price spikes, places a pending order and trades the move back, with optional trailing stop and automatic lot sizing.
Get one message the moment it launches, with its price.
Fast Scalper is a MetaTrader 4 expert advisor that trades short-term price spikes on the one-minute chart. Rather than entering at the peak of a fast move, it places a pending order at a set distance and waits for the market to come back to it.
The EA watches for a single candle that jumps or falls by a set number of pips. After an upward jump it prepares a sell-side pending order, and after a sharp fall it prepares a buy-side pending order, positioned at a chosen gap from the extreme. If price retraces and fills the order, the trade is managed with a fixed take profit and stop loss, and optionally a trailing stop. It is designed to work without standard indicators, so entries depend on candle movement and the distances you configure.
The settings also include a multiplier for a second trade. In some situations a follow-up position is opened to offset a losing first one, with a lot size that is a multiple of the first. This can make losses larger when several trades run in the same direction, so read it as a risk factor and test it carefully.
Other pairs are possible, but distances and spread conditions differ, so expect to re-test every setting.
Check the exact defaults in the inputs window after loading the EA, as they are not listed here.
| Setting | Purpose |
|---|---|
| Spread | Spread limit; keep it as low as your broker allows |
| Trailing enable and trailing stop value | Turns the trailing stop on or off and sets its distance in pips |
| Money management by EA and risk level | Calculates lot size from a percentage of the account |
| Manual fixed lot and max lot size | Fixed size when automatic sizing is off, plus an upper cap |
| Magic buy and magic sell | Identifiers that separate buy and sell orders |
| Take profit and stop loss | Exit distances in pips |
| Trade gap | Distance between the market peak and the pending order |
| Market jump and market fall | Single-candle move in pips needed before a buy or sell setup |
| Digits for lot | Decimal places used for lot size, for example two for 0.01 |
| Multiplier for second trade | Lot multiple applied to the follow-up trade |
Trading carries risk, and you can lose some or all of your capital. Past results, including back-tests, do not predict future ones. Scalping systems can be affected by wider spreads, slippage and news events, and a second-trade multiplier can increase exposure. Test on a demo account first.
A VPS can help the EA stay connected, since pending orders need a steady link to your broker.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Scalping, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Trade style | Scalping, spike reversal with pending orders |
| Main symbol | EURUSD (other pairs should be tested first) |
| Timeframe | M1 |
| Broker type | Low-spread ECN account with 5-digit quotes |
| Money management | Fixed lot or risk percentage, with a maximum lot cap |
| Requirements | Algo trading enabled; stable connection or VPS suggested |
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No. This listing is for MetaTrader 4 only. An MT4 expert advisor cannot be loaded into MT5, so make sure your broker offers an MT4 account before you buy.
The tool was developed for the M1 chart and EURUSD. Other symbols or timeframes may behave very differently, so test them on a demo account before using any real funds.
A scalping strategy depends on tight spreads and fast execution, so a low-spread ECN-style account with 5-digit pricing is the usual recommendation. Check your broker's spread, commission, stop level and execution speed before running it.
No fixed figure can be given here. The right balance depends on your broker, lot size, stop loss and the risk percentage you choose. Run it on a demo account first and size positions so that a losing series does not threaten your balance.
Copy the expert file into the MQL4/Experts folder through File > Open Data Folder in MT4, restart the terminal or refresh the Navigator, then drag the EA onto an M1 chart. Make sure Algo Trading is switched on and automated trading is allowed in the options.
Yes. Turn off the automatic money management option and enter your own lot size in the manual lot field. The maximum lot setting still caps the size of any trade.
Fast Scalper
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